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set your BAll calculator on 9 decimal places. 10 points Question 5 A couple purchased a house for S450,000. They financed the home by putting
set your BAll calculator on 9 decimal places.
10 points Question 5 A couple purchased a house for S450,000. They financed the home by putting 10% down and amortizing the balance over a period of 20 years. Interest rate for the first 5 years is set at 3.46% compounded semi-annually and payments will be made at the end of each month. Do not add a CMHC premium for this quesiton. a) Using the BAll Plus calculator determine the size of the monthly payments for the first 5 years. Round to 2 decimal places. Monthly Payment = Do not add any S signs, commas or negative signs for your answer. b) Fill in the amortization table, making sure to give all details for the first 2 payments, the last 2 payments and the totals. Make sure to enter rounded values to 2 decimal places. Principal Per Payment Outstanding Balance Interest Per Payment Payment Number Payment Amount 0 1 2 N-1 Second Last Activate Windows Go to Settings to activate Window N Last Totals | 3 7 10-50 DMAStep by Step Solution
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